Analyzing Spruce Power (SPRU) & Its Competitors

Spruce Power (NYSE:SPRUGet Rating) is one of 72 publicly-traded companies in the “Motor vehicle parts & accessories” industry, but how does it weigh in compared to its rivals? We will compare Spruce Power to similar businesses based on the strength of its dividends, analyst recommendations, profitability, institutional ownership, earnings, risk and valuation.

Volatility and Risk

Spruce Power has a beta of 0.94, indicating that its stock price is 6% less volatile than the S&P 500. Comparatively, Spruce Power’s rivals have a beta of 1.75, indicating that their average stock price is 75% more volatile than the S&P 500.

Institutional and Insider Ownership

17.3% of Spruce Power shares are owned by institutional investors. Comparatively, 58.7% of shares of all “Motor vehicle parts & accessories” companies are owned by institutional investors. 15.3% of Spruce Power shares are owned by insiders. Comparatively, 14.4% of shares of all “Motor vehicle parts & accessories” companies are owned by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.

Valuation and Earnings

This table compares Spruce Power and its rivals revenue, earnings per share (EPS) and valuation.

Gross Revenue Net Income Price/Earnings Ratio
Spruce Power $15.60 million $28.79 million -2.61
Spruce Power Competitors $5.20 billion $130.23 million 21.39

Spruce Power’s rivals have higher revenue and earnings than Spruce Power. Spruce Power is trading at a lower price-to-earnings ratio than its rivals, indicating that it is currently more affordable than other companies in its industry.

Analyst Ratings

This is a summary of current ratings and price targets for Spruce Power and its rivals, as reported by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Spruce Power 0 0 0 0 N/A
Spruce Power Competitors 431 2225 2974 47 2.46

As a group, “Motor vehicle parts & accessories” companies have a potential upside of 17.95%. Given Spruce Power’s rivals higher possible upside, analysts clearly believe Spruce Power has less favorable growth aspects than its rivals.

Profitability

This table compares Spruce Power and its rivals’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Spruce Power -272.74% -14.94% -10.08%
Spruce Power Competitors -451.37% -12.85% -4.64%

Summary

Spruce Power rivals beat Spruce Power on 8 of the 10 factors compared.

Spruce Power Company Profile

(Get Rating)

XL Fleet Corp. provides fleet electrification solutions for commercial vehicles in North America. Its products include hybrid electric drive systems are comprised of an electric motor that is mounted onto the vehicle's drive shaft, an inverter motor controller, and a lithium-ion battery pack to store energy to be used for propulsion; plug-in hybrid electric drive system, which are fitted to vehicles. In addition, the company offers vehicle electrification and infrastructure solutions, and charging stations. It serves end-use customer base comprising Fortune 500 corporate enterprises, public utilities, and various municipalities. The company was incorporated in 2009 and is headquartered in Boston, Massachusetts.

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